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Daily Archives: Feb 28, 2011

Central bank of Armenia (CBA) to place eight billion drams worth long-term government treasury bonds

Capital market
The Central Bank of Armenia (CBA) said today it will place eight billion Drams worth long-term government treasury bonds on March 10 and 17.

Armenia’s Central Bank places 500 million drams short-term government bonds

Capital market
Armenia’s Central Bank said today it has placed 500 million Drams worth short-term government (treasury) bonds.

VTB Bank (Armenia) offers its clients to buy insurance policies

Banks
VTB Bank (Armenia) offers its clients to buy insurance policies, including voluntary insurance, the bank’s press office reported on Monday.

Former premier: monopolies’ dominance in Armenia bars inflation from subsiding

Economy
Hrant Bagratyan, a former Armenian prime minister, finds it necessary to phase out impacts of monopolies on markets to tame inflation.

Combined liabilities of Armenian crediting organizations drop 4.6%

Loans
Combined liabilities of Armenian crediting organizations dropped by 4.6% (2.5 billion Drams) in the fourth quarter of 2010, to 51.6 billion Drams.

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Euro jumps 3.4 points to AMD 413.36

The average market exchange rate of the U.S. dollar to the Armenian dram on February 5, 2025, totaled AMD 396.58, down 0.13 points compared to February 4.

Loans show faster growth than deposits in December – Finance Ministry

Financial intermediation by the Armenian banking system in December 2024 continued to outpace economic activity, also characterized by a higher growth rate of loans compared to deposits, according to the Armenian Ministry of Finance's report titled "Review of Macroeconomic Developments. December 2024." Unlike December 2023, the growth in loan volumes (24.2%) exceeded the growth in deposit volumes (13.9%).

Strong demand for mortgages and consumer loans keep interest rates high – Central Bank of Armenia

One of the phenomena faced by the Central Bank of Armenia is the huge demand for loan products, the regulator's head Martin Galstyan said at a press conference on Tuesday.

Armenia’s inflation in 2025 may approach lower threshold of target – Central Bank

The inflation target in Armenia for the current year is set at 3%, and by the end of 2025 it will most likely approach the lower limit, Central Bank Chairman Martin Galstyan said at a press conference on Tuesday.

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